That the City of Blue Earth and the Faribault County Agricultural Society have agreed to a Simultaneous Trade Agreement whereby the City of Blue Earth would trade 3.161 acres of the "Fairgrounds" park (Tract "A") subject to a retained right of first refusal in exchange for a 1.92 acre parcel known as the Green Giant Park (Tract "B") and owned by the Faribault County Agricultural Society. Said tracts are hereby legally described as follows:

Tract "A" A tract of land in the Northeast Quarter of the Southwest Quarter of Section 8, Township 102 North, Range 27 West, in the City of Blue Earth, Faribault County, Minnesota described as follows:

Commencing at the Center of said Section 8; thence South 00 degrees 36 minutes 23 seconds East, along the east line of the Southwest Quarter of said Section 8, a distance of 407.45 feet to the point of beginning; thence continuing South 00 degrees 36 minutes 23 seconds East, along said east line, a distance of 265.00 feet; thence South 88 degrees 56 minutes 56 seconds West, a distance of 701.14 feet; thence North 04 degrees 54 minutes 52 seconds East, a distance of 123.82 feet; thence North 88 degrees 56 minutes 56 seconds East, a distance of 320.40 feet; thence North 00 degrees 35 minutes 42 seconds East, a distance of 101.88 feet; thence North 88 degrees 56 minutes 56 seconds East, a distance of 365.86 feet to the point of beginning. Said tract contains 3.161 acres of land.

Tract "B" A tract of land in Lots 1 and 2, Block One and the previously vacated street lying between Blocks One and Three of Fair Board Subdivision according to the plat thereof on file and of record in the office of the County Recorder in the City of Blue Earth, Faribault County, Minnesota described as follows:

Beginning at the Southeast corner of said Lot 2, thence South 88 degrees 55 minutes 06 seconds West, along the South line of said Lot 2, a distance of 151.23 feet to a circular curve, concave westerly and having a radius of 100.00 feet; thence northerly along said curve through a central angle of 33 degrees 55 minutes 51 seconds an arc length of 59.22 feet; thence North 42 degrees 40 minutes 25 seconds West, a distance of 44.17 feet to a circular curve, concave easterly and having a radius of 120.00 feet; thence northerly along said curve through a central angle of 41 degrees 35 minutes 32 seconds an arc length of 87.11 feet; thence North 01 degree 04 minutes 53 seconds West, a distance of 71.51 feet to a circular curve, concave westerly 31 degrees 40 minutes 42 seconds an arc length of 55.29 feet; thence North 32 degrees 45 minutes 35 seconds West, a distance of 42.67 feet to a circular curve concave northeasterly and having a radius of 120.00 feet; thence northwesterly along said circular curve through a central angle of 14 degrees 47 minutes 48 seconds an arc length of 30.99 feet; thence North 17 degrees 57 minutes 47 seconds West, a distance of 79.69 feet to a line lying parallel with and 298.70 feet south (measured at right angles) of the North line of said Lot 1; thence North 88 degrees 54 minutes 58 seconds East, along said line, a distance of 223.17 feet to the east line of said Lot 1; thence South 12 degrees 15 minutes 53 seconds East, along said east line and the east line of said Lot 2, a distance of 438.85 feet to the point of beginning. Said tract contains 1.92 acres of land.

SECTION II

That the City of Blue Earth finds that the two park parcels to be exchanged simultaneously are of equivalent and equal value and that all structures and fixtures currently attached to said tracts "A" and "B" are also to be transferred as part of the transaction.

SECTION III

That the City Council of the City of Blue Earth hereby authorizes the Mayor and the City Administrator to convey the above described Tract "A" subject to a retained right of first refusal to the Faribault County Agricultural Society in exchange for a conveyance of Tract "B" to the City of Blue Earth from said Faribault County Agricultural Society and further subject to a license for the sole purpose of temporary and removable seasonal baseball field fencing in favor of the City of Blue Earth only. Said license shall be non-transferable.

SECTION IV

That the City Council of the City of Blue Earth further hereby authorizes the implementation of a restrictive covenant prohibiting the placement of any permanent building or fence upon the following Tract "C."

Tract "C." A tract of land in the Northeast Quarter of the Southwest Quarter of Section 8, Township 102 North, Range 27 West in the City of Blue Earth, Faribault County, Minnesota described as follows:

Commencing at the center of said Section 8; thence South 00 degrees 36 minutes 23 seconds East along the east line of the Southwest Quarter of said Section 8, a distance of 367.45 feet to the point of beginning; thence continuing South 00 degrees 36 minutes 23 seconds East, along said east line, a distance of 40.00 feet; thence South 88 degrees 56 minutes 56 seconds West, a distance of 359.44 feet; thence North 00 degrees 36 minutes 23 seconds East a distance of 40.00 feet; thence North 88 degrees, 56 minutes 56 seconds East a distance of 359.44 feet to the point of beginning.

SECTION V

This Ordinance shall not be effective until thirty (30) days after its passage and publication.

PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF BLUE EARTH ON THIS 10TH DAY OF APRIL, 2013